Diana Containerships (DCIX) Stock: The Beast Of The Shipping Sector!

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Diana Containerships Inc (NASDAQ: DCIX)

The past couple of days have been great for shipping stocks, and Diana Containerships has seen a good chunk of the gains. However, today, the stock is far outpacing anything else in the sector. Below, we’ll talk about what we’re seeing from DCIX, why, and what we’ll be watching for surrounding the stock ahead.





What We’re Seeing From DCIX

As mentioned above, Diana Containerships has had an incredible time in the market over the past two trading sessions. Not to mention, today’s trading session is bringing even more massive gains. Since the opening bell, the stock has been in the green and climbing higher. At the moment (10:18), DCIX is trading at $15.89 per share after a gain of $9.75 per share (158.74%) thus far today.

Why The Stock Is Gaining

At the end of the day, DCIX is enjoying gains for the same reasons that every other stock in the sector is climbing. Here’s what’s happening:

  • Baltic Dry Index – First and foremost, the Baltic Dry Index is playing a major role for Diana Containerships and the shipping industry as a whole. This index tracks shipping demand. Recently, the index climbed from under 800 points to over 1,000 points. This means that demand is likely heading up for the sector.
  • Holiday Season – Another factor that’s helping to lift DCIX is the season. Historically, the holiday season has brought dramatic amounts of business to shipping companies. As more and more consumers shop online, investors are expecting the holiday season to be incredibly fruitful for shipping stocks.

What We’ll Be Watching Ahead

Moving forward, we’ll be keeping a close eye on the Baltic Dry Index. With the index climbing, shipping stocks like DCIX are doing the same. However, any changes in momentum in the index can lead to changes in momentum for the entire shipping sector. Nonetheless, with the holiday season upon us, we’re not expecting to see any changes anytime soon!

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Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at CNAFinanceHelp@gmail.com Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.

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